Word: khan
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Dates: during 1990-1999
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ABOUT A CENTURY AGO, LEO TOLSTOY REputedly remarked, "Imagine Genghis Khan with a telephone!" What the author of War and Peace had in mind, of course, was the device's military potential. But Genghis Khan as symbol stands for something much larger in the Russian psyche: a force of upheaval that can intrude as suddenly as an arctic gale or a Mongol horde. In the convulsions that wracked Moscow last week, as in the ambush that slaughtered American soldiers in distant Somalia, chaos demonstrated once more that it has long since mastered the long-distance message. Genghis Khan today...
...however, is not the most promising sign that Western governments backing him could wish for. To whatever extent that U.S. and European goodwill has aided democratization so far, the sustenance obviously needs to continue over the long haul, especially when Russian turbulence is not resounding round the world. Genghis Khan on the line is one thing; on the switches of an ICBM force, quite another...
FINANCE: How the Aga Khan Stumbled...
...Khan, who has always been something of a loner on the clubby Italian business scene, lacked financial alliances within the country and had nowhere to turn for help. His longtime friend Fiat chairman Giovanni Agnelli was preoccupied with the financial woes of his own scandal-tainted automotive empire...
...desperate effort to pare down the debt, Fimpar, the Aga Khan's holding company, planned to raise $200 million on the Milan stock exchange. But the Gulf War scared off investors, and the plans had to be dropped. Finally, the Aga Khan hired Goldman Sachs last year to sell off some of Ciga's lesser hotels in hopes of raising roughly $175 million to repay loans and stanch losses. One of the few buyers that stepped forward was Situr, an Italian property group, but before a deal could be struck, Situr alleged that Ciga's books contained serious irregularities...